Obama Pledges To Increase Wall Street Oversight

January 30. 2009

President Barack Obama is pledging to tighten financial controls over corporate America, in an attempt to prevent another financial crisis from occurring.

President Barack Obama

This will be welcome news in the world, that has been suffering as well, as a result of what has transpired in corporate America, regarding the economic crisis.

Obama Plans Fast Action to Tighten Financial Rules

WASHINGTON — The Obama administration plans to move quickly to tighten the nation’s financial regulatory system.

Officials say they will make wide-ranging changes, including stricter federal rules for hedge funds, credit rating agencies and mortgage brokers, and greater oversight of the complex financial instruments that contributed to the economic crisis.

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